Georgia Code
Chapter 12 - Trusts
Article 17 - Georgia Principal and Income Act

Part 1 - General Provisions and Definitions

§ 53-12-380. Short Title - This article shall be known and may be cited as...

§ 53-12-381. Definitions - As used in this article, the term: History. Code 1981,...

Part 2 - Payment of Interest and Expenses

§ 53-12-390. Payment of Interest on Pecuniary Amount - History. Code 1981, § 53-12-390 , enacted by Ga. L....

§ 53-12-391. Payment of Expenses - Expenses incurred in connection with the settlement of a decedent’s...

Part 3 - Apportionment at Beginning and End of Income Interest

§ 53-12-400. When the Right to Income Begins and Ends - History. Code 1981, § 53-12-400 , enacted by Ga. L....

§ 53-12-401. Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins - History. Code 1981, § 53-12-401 , enacted by Ga. L....

§ 53-12-402. Apportionment When Income Interest Ends - History. Code 1981, § 53-12-402 , enacted by Ga. L....

Part 4 - Allocation of Receipts During Administration of Trust

Subpart 1 - Receipts From Entities

§ 53-12-410. Character of Receipts - History. Code 1981, § 53-12-410 , enacted by Ga. L....

§ 53-12-411. Distribution From Trust or Estate - A trustee shall allocate to income an amount received as...

§ 53-12-412. Business and Other Activities Conducted by Trustee - History. Code 1981, § 53-12-412 , enacted by Ga. L....

Subpart 2 - Receipts Not Normally Apportioned

§ 53-12-420. Principal Receipts - A trustee shall allocate to principal: History. Code 1981, §...

§ 53-12-421. Rental Property - To the extent that a trustee accounts for receipts from...

§ 53-12-422. Obligation to Pay Money - History. Code 1981, § 53-12-422 , enacted by Ga. L....

§ 53-12-423. Insurance Policies and Similar Contracts - History. Code 1981, § 53-12-423 , enacted by Ga. L....

§ 53-12-424. Insubstantial Allocations Not Required - If a trustee determines that an allocation between principal and...

§ 53-12-425. Deferred Compensation, Annuities, and Similar Payments - History. Code 1981, § 53-12-425 , enacted by Ga. L....

§ 53-12-426. Liquidating Asset - History. Code 1981, § 53-12-426 , enacted by Ga. L....

§ 53-12-427. Minerals, Water, and Other Natural Resources - History. Code 1981, § 53-12-427 , enacted by Ga. L....

§ 53-12-428. Timber - History. Code 1981, § 53-12-428 , enacted by Ga. L....

§ 53-12-429. Property Not Productive of Income - History. Code 1981, § 53-12-429 , enacted by Ga. L....

§ 53-12-430. Derivatives and Options - History. Code 1981, § 53-12-430 , enacted by Ga. L....

§ 53-12-431. Asset-Backed Securities - History. Code 1981, § 53-12-431 , enacted by Ga. L....

Part 5 - Allocation of Disbursements During Administration of Trust

§ 53-12-450. Disbursements From Income - History. Code 1981, § 53-12-450 , enacted by Ga. L....

§ 53-12-451. Disbursements From Principal - History. Code 1981, § 53-12-451 , enacted by Ga. L....

§ 53-12-452. Transfers From Income to Principal for Depreciation - History. Code 1981, § 53-12-452 , enacted by Ga. L....

§ 53-12-453. Transfers From Income to Reimburse Principal - Wherever a charge that is properly allocable to income has...

§ 53-12-454. Income Taxes - History. Code 1981, § 53-12-454 , enacted by Ga. L....

§ 53-12-455. Adjustments Between Principal and Income Because of Taxes - History. Code 1981, § 53-12-455 , enacted by Ga. L....